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Miami Beach's aging convention center finally received commission approval to move ahead with a massive overhaul at a maximum price of $514.4 million.
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Gearing up for another season of Miami Real Estate following a year of unprecedented growth and transformation. The overall transition of Miami's emergence into a widespread cosmopolitan city is reflected more then ever in the past. Neighborhoods like Edgewater, the MIMO District along the Biscayne corridor, Wynwood with it's tremendous commercial Real Estate resurgence, and the Design District's transition into one of most upscale shopping districts in the US are hot on the radar positively transitioning Miami. All eyes have been focused on the positive impact of the future Miami World Center, Brickell CityCentre, the plans underway for Coconut Grove, and Mid Miami Beach's Faena District. This widespread revitalization, creating newly emerging neighborhoods, is boosting demand and values in the long established, affluent single family home neighborhoods of Miami Beach from North Bay Road, the Sunset Islands, Pine Tree Drive, and the Venetian Islands, to the premier communities of Miami from Bay Point and Morningside along Biscayne Boulevard to the luxury neighborhoods of Coconut Grove and Coral Gables south of Downtown Miami. Luxurious New Developments like One Ocean, the Residences of Miami Beach Edition, Faena House, and the Ritz Carlton Residences in Miami Beach, Grove at Grand Bay and Park Grove in Coconut Grove, One Thousand Museum and Brickell City Centre Downtown Miami, and Armani Residences and Regalia in Sunny Isles, have successfully sold out or are selling their last remaining inventory. Buying opportunities in Miami likely to heighten this season in neighborhoods with a high concentration of new developments with greater numbers of remaining inventory.
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